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Kennametal KMT Infrastructure — Amortization of intangibles

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Metal Cutting
$401K+9.0%
Corporate Segment
$0

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Other financials

Income statement

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Revenue$592.6M+21.8%
Gross profit$208.0M+33.0%
Operating income$79.4M+80.3%
Net income$58.2M+85.0%
EPS (diluted)$0.75+82.9%

Balance sheet

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Cash & equivalents$106.9M+9.6%
Total debt$635.6M+2.2%
Total equity$1.4B+9.5%
Total assets$2.7B+9.6%

Cash flow

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Operating cash flow$55.1M-0.1%
CapEx$18.0M-23.6%
Free cash flow$42.4M+18.0%

Valuation

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Market cap$2.58B+64.7%
Enterprise value$3.11B+52.1%
P/E18.8×+2.0×
P/S1.2×+0.4×

Profitability

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Gross margin31.9%+0.6pp
Operating margin9.4%+0.7pp
Net margin6.4%+1.0pp
FCF margin4.9%-4.8pp

Returns & leverage

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Return on equity10.6%+1.9pp
Debt / equity0.5×0.0×
Current ratio2.4×-0.1×

Where this comes from

Reported directly by Kennametal in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.

The source filing: Kennametal’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:24 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-031335
(in thousands)Three Months Ended March 31, 2026Three Months Ended March 31, 2025Nine Months Ended March 31, 2026Nine Months Ended March 31, 2025
Infrastructure4401,5131,2441,701
Amortization of intangibles:
Metal Cutting$401$368$1,194$1,128
Infrastructure1,9862,3355,9447,014
Operating income:
Metal Cutting$38,125$24,900$89,447$65,308
Infrastructure42,47119,42382,51247,770
Total segment operating income80,59644,323171,959113,078

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Kennametal's infrastructure — amortization of intangibles?
Kennametal (KMT) reported infrastructure — amortization of intangibles of $1.99M in Q1 2026.
How has Kennametal's infrastructure — amortization of intangibles changed year-over-year?
Kennametal's infrastructure — amortization of intangibles decreased by 14.9% year-over-year, from $2.34M to $1.99M.
What is the long-term trend for Kennametal's infrastructure — amortization of intangibles?
Over 2 years (2023 to 2025), Kennametal's infrastructure — amortization of intangibles has grown at a -9.2% compound annual growth rate (CAGR), from $11.26M to $9.27M.
What does infrastructure — amortization of intangibles mean?
This represents the periodic expense recognized for the reduction in value of finite-lived intangible assets specifically attributable to the Infrastructure business segment. It reflects the systematic allocation of the cost of acquired intangibles, such as patents or customer relationships, over their estimated useful lives. Monitoring this helps investors understand the non-cash impact of historical acquisitions on the segment's reported profitability.

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